Delta Air Lines reported cargo revenue of $289 million for the March quarter, a 51 percent increase compared to the same period in 2019 on strong demand and yields. For the March quarter, Delta reported an adjusted operating loss of $793 million on adjusted operating revenue of $8.2 billion, an official statement said.
“With a strong rebound in demand as Omicron faded, we returned to profitability in the month of March, producing a solid adjusted operating margin of almost 10 percent,” says Ed Bastian, Chief Executive Officer, Delta Air Lines. “As our brand preference and demand momentum grow, we are successfully recapturing higher fuel prices, driving our outlook for a 12–14 percent adjusted operating margin and strong free cash flow in the June quarter.”
At the end of the March quarter, the company had $12.8 billion in liquidity including cash and cash equivalents, short-term investments and undrawn revolving credit facilities.
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